0 Rte 17 & Ml Dr, Fredericksburg, VA 22408
This exceptional 18-acre vacant land parcel presents a unique investment opportunity in Spotsylvania County, Virginia. Situated at the intersection of Route 1 and Route 17/Mills Drive, this property boasts a high traffic count of 55,000 vehicles daily. The land is part of Cosner's Corner, the largest mixed-use development in Spotsylvania County, currently encompassing over 980,000 square feet and projected to reach 1.5 million square feet upon completion. This thriving development includes a new residential community with over 400 units, and the VYSA and FASA Soccer Complex, attracting over 250,000 visitors annually. The property's strategic location offers close proximity to significant amenities, including the Spotsylvania Regional Medical Center (a 126-bed hospital) and Germanna Community College (6,000 students). Phase I of The Haven at Cosner's Corner luxury apartments, comprising 256 units, is complete, with Phase II adding more than 100 additional units. One-acre pad sites are available for sale or lease, making this an ideal location for a variety of commercial ventures, benefiting from the high visibility and substantial foot traffic generated by the surrounding development. The property's address is Route 17 & Mills Drive, Fredericksburg, VA 22408.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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